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environment, because we know what's going on there. let's go inside intel numbers right now. joining me now is intel cfo, stacy smith, in a first on cnbc interview. mr. smith, good to have you on the program. how would you characterize the quarter? >> the demand environment played out as we expected, and i think the company executed well. as i just heard jon say, we saw fis growth in our data center business. it was up 7% year on year. and within the overall market for computing, we're seeing nice growth. and there's obviously a transition going on there, but i think we're well positioned for that as well. >> and shareholders certainly want to see change in terms of utilizing the balance sheet, which you've done quite well. we're going to get to that in a moment. but you said that the demand part of the story played out the way that you expected. in other words, you are expecting pc sales to go down? >> well, what we're seeing is a transition within the overall client category. and so if you think about it, what we're seeing is very robust growth in new form factors. things like ultra books
-term, but in this environment, where sentiment, we've got unusually bearish quickly. we've got more weakness in store. >> so you would wait. this isn't necessarily an entry point for you, yet? >> no, if i had cash on the sidelines, pretty much at the close of today, the average stock in the s&p 500 was off about 7% from its 52-week high. the average technology stock, 11% from its 52-week high, if we get another 3% to 5% down in stocks, then i think that cash on the sidelines should be absolutely put to work, because the next two or three years still bodes quite well for the stock market relative to most other asset classes. >> i may have to break in momentarily when those american express earnings come out. but first, jerry webben, let me ask you, the fear has been this week with news out of china, some of the economic data that we've gotten here, that maybe the global growth rate is slowing down. do you sense that at all? >> i think, yes, both in the u.s. and in china, we've seen some slowness in the emerging markets and europe remains extremely weak, but you've got to look at those growth areas in the u.s. wi
in this environment. how do you feel about that? it's a double-edged sword, right? >> yeah, michelle, it is. so we actually make more money when rates are higher, so we'd like to see rates higher, particularly, a positive-sloping yield curve. you know, the fed has a strong view in consensus that rates need to stay low. i'm not generally in that camp. i think the early stages of qe were probably good. i think it's very debatable now whether it's doing any good or not. i personally think the economy trying to find its own natural structural, level of stabilization, and it's going to do that at its own pace, with or without qe. a lot of people disagree with that. but i think it's about confidence, not about how much qe we have. >> mr. king, appreciate your time, sir. thanks for joining us today. >> thank you very much. have a good day. >> great to have you on. >>> all right, stunning and frightening. just two terms to describe video that captures the situation that we saw in texas. >> yeah, we're going to go live to the blast scene for the latest developments on this horrible tragedy when we come bac
that come from conflict situations come into peaceful environments, and all of a sudden, and they're not given appropriate psychological pair, can also have enormous problems assimilating in a very different culture. >> and in terms of these two individuals living in cambridge, massachusetts, having come from chechnya, any thoughts there, why cambridge? why they've been living here together for so many years? why they chose boston? >> well, i think on the east coast that there is a burgeoning, it's by no means as large as europe, of course, the largest population of chechen is in austria, but i think there is a growing group of people along the east coast, in d.c., and in new york, and in boston, and clearly, chechens are also russian speaking, so there is, obviously, a large contingent of russian-speaking people also in boston. and from how i understand it, it seems as though their uncle was already here in the united states, and i think that they had other friends who could help them to settle into the country, and to assimilate, so, often, you choose a place precisely because y
as the competitive environment, do any of these other competitive services end up adding up to anything? i think so far the answer is clearly no. we're not seeing much from amazon prime or hulu or some of the other services to really grab share from netflix. >> yeah? all right. we will leave it there. thanks, everybody. appreciate your time tonight. see you soon. >> thank you. >> thanks. >> thank you so much. >>> shares of johnson & johnson meanwhile hitting an all-time high today. ceo alex gorsky is up next in an interview you'll only see here. the company's first quarter sales were $17.5 billion. we'll find out what he's got planned for the second quarter right after this break. stay with us. >>> >>> welcome back. johnson & johnson shares at an all-time high. 84.83 tl$84.83 a share. the company enjoyed a major boost after the potential type 2 diabetes drug was granted fda approval. let's check in on j & j. has the brand fully recovered from product recalls? ceo alex gorsky. >> great to see you almost a year later. >> a year later. when you first started, we talked a bit. let me go back to when we
. private equity is certainly doing well in this environment. i'm, i guess, a little surprised that we haven't seen more deals, given the fact that rates are at such low levels. shouldn't we be seeing a whole host of deal flow and deal activity? >> we should, and we may. i guess, the opposite side of a coin of a buoyant stock market is higher evaluations and less attractive targets in the public arena. as a stock holder, and i was glad to see blackstone back off from a bid on dell. but, you know, these companies are kind of out of the mainstream. if you're a stock holder, you're actually a unit holder. you get a k-1 form, as if you were a limited partner in almost a hedge fund. the accounting is eccentric, because, well, because gap doesn't quite do these companies justice. so you have to look at this so-called economic net income. and there's this seeming paradox of private equity companies being in the private market. and if private equities are so great, why are they public? there's a lot of bad will, i think, towards these companies, but they offer that thing that is most scarce today in
Search Results 0 to 5 of about 6